EU Commission Gives UK Clearing Houses 12 Month Extension

London has long been a major financial center. For years, this was to the advantage of various clearinghouses that participated in the trading industry since it was the prime spot for trading between the US, the EU, and the rest

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Facebook Shifts Focus From Libra To New Payment Service

Facebook has been making news in the financial world for its controversial Libra Project. Central banks around the world are up in arms over the possibility that Facebook could launch its own digital currency and change the global financial landscape.

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BIS Will Focus On Developing Digital Currencies

The Bank of International Settlements (BIS) has decided to focus on developing new digital currencies and will have a separate department led by former ECB executive board member Benoit Coeure to lead this project.  Facebook’s Libra project and Apple’s recent

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Apple Card Gets In Trouble Over “Sexist Credit Limits”

Earlier this year, Apple Inc. decided to branch out into finance and launch its Apple Card. Apple has a very committed set of customers throughout the world who are ever ready to try out anything new that Apple releases. The new

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Alipay Launches International E-Wallet For Foreigners In China

Foreigners who have visited China in the past have found it difficult to carry out online purchases because they did not have a Chinese bank account or a local mobile number. That is about to change because Alipay is now

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UK Tax Office Clarifies Crypto Position And New Tax Laws

Her Majesty’s Revenue and Customs (HMRC) office, the top office for taxes in the UK, recently released its new guidelines for cryptocurrency taxation. They will apply to both individuals and businesses. This is a major move by the office since

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